Many of the major banks have adopted a categorical approach to risk and declined to do business with money service businesses (“MSBs”). A categorical approach may seem justified based on ...

It is often assumed that traditional banks are cheaper, more transparent and better for people than money service businesses – payday lenders, check cashers and so on. “If we could ...

McKinseys have recently published a paper discussing the rapid growth in the availability of big data and advanced analytics, including machine learning and how this will have will have a ...

Regtech could well be a very major play in 2017. At the end of last year a remarkable lawsuit was filed by a payday lender trade group against the bank ...

Last year, about half of fintech investment was in lending companies, according to an article in American Banker The reasons are becoming abundantly clear. As pointed out by another recent article ...

Embracing Financial Technology Unlike other banks that fear encroachment of the fast-developing financial technology sector, we embrace it.  Companies that compete with other banks are our best customers.  We will acquire, ...